Albany College of Pharmacy buys Bender Lab building

The acquisition of the three-story, 10,000-square-foot, building from owner Renaissance Corp. was completed June 27, Albany College of Pharmacy spokesman Gil Chorbajian said today.

The purchase price was $3 million.

The college has been using the former Bender Laboratory building since the nonprofit Renaissance Corp. acquired it in February 2002 from Albany County to house the college’s Pharmaceutical Research Institute. Bender is now part of St. Peter’s Hospital.

That institute moved to the University at Albany’s East Campus in 2007, and the Bender building is now used for laboratories, classrooms and faculty offices. It is on the college’s campus on Samaritan Road, near New Scotland Avenue in Albany.